Shareholders’ Meeting

Shareholders have the ultimate authority over the company, and exercise their right to make decisions regarding Novozymes at shareholders meetings, either by voting in person, by proxy or by post.

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Shareholders’ meetings shall be called with 3-5 weeks. The agenda is accompanied by proxy and postal vote forms enabling the shareholder to vote specifically on each item.

At the annual shareholders’ meeting the shareholders approve the annual report and any amendments to the articles. The shareholders elect 4–8 directors to the Board of Directors and elect the auditor(s). Resolutions can generally be passed by a simple majority, while resolutions to amend the articles of association require that shareholders representing at least 2/3 of the total number of votes in the company shall be present at the shareholders’ meeting and that at least 2/3 of the votes cast and 2/3 of the voting capital represented at such shareholders’ meeting vote in favor of the resolution.

All shareholders may, no later than 6 weeks prior to the shareholders’ meeting, request that proposals for resolution be included on the agenda. All shareholders may also ask questions at the shareholders’ meetings.

Annual shareholders’ meetings are held in Danish and the meeting is web cast.

Resolutions passed at the annual shareholders’ meeting are published immediately after the close of the meeting and the minutes are disclosed within 2 weeks.